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File: Arrowstar - press release private placement Oct 29 2014 (final).pdf

Suite 880-800 West Pender Street,                                                                          Telephone 6
--->04-687-7828
Vancouver, British Columbia                                                                                 Facsimile 
--->604-687-7848
V6C 2V6 Canada
www.arrowstarresources.com                                                                                   direct:+1
---> 747 200 9412



NEWS RELEASE                                                                                                      TSX.
--->V - AWS
For Immediate Release

                ARROWSTAR RESOURCES ANNOUNCES PRIVATE PLACEMENT
Vancouver, B.C. � October 29, 2014 � Phillip Thomas, President of Arrowstar Resources Ltd
("Arrowstar" or the "Company") (TSX.V: AWS), is pleased to announce that the Company proposes to
undertake a private placement of up to 17,000,000 Units (a "Unit") at a price of $0.06 per Unit for gross
proceeds of up to $1,020,000. Each Unit will consist of one common share and one transferrable share
purchase warrant (a "Warrant"), with each Warrant entitling the holder to purchase one common share
(a "Warrant Share") for a period of sixty (60) months at a price of $0.15 per Warrant Share.

The proceeds of the private placement will be used for general working capital purposes and due
diligence on exploration targets.

The securities issued pursuant to the private placement will be subject to a hold period of four months
and one day from the date of issuance of the securities. The Company may pay finders' fees in
connection with the private placement, subject to compliance with the policies of the TSX Venture
Exchange. Completion of the private placement and the payment of any finders' fees remain subject to
the receipt of all necessary regulatory approvals, including the approval of the exchange.

On Behalf of the Board of Directors,
Arrowstar Resources Ltd.

"Phillip Thomas"

President

Investor Contact:              Phillip Thomas
                               604-687-7828, 747 200 9412
                               info@arrowstarresources.com
                               www.arrowstarresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but
are not limited to, statements concerning AWS's planned exploration programs in North America and other statements tha
--->t are
not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "
--->may,"
"potential," "should," and similar expressions are forward-looking statements. Although AWS believes that its expectat
--->ions
reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no a
--->ssurance can
be given that actual results will be consistent with these forward-looking statements. Important factors that could ca
--->use actual
results to differ from these forward-looking statements are disclosed under the heading "Risk Factors" and elsewhere i
--->n the
corporation's periodic filings with Canadian securities regulators.



                                                                                                                      
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